U.S. economy on track for best growth in nine years
Growth like this was last seen in 2006.
Global growth is sputtering again. Most Americans remain pessimistic five years after the end of the Great Recession. And the deadly Ebola virus is adding fresh uncertainty.
Yet the U.S. economy continues to chug along and it could soon register its longest and strongest period of expansion in nine years.
On Thursday, the government is likely to report the U.S. grew 3% in the third quarter, right on the heels of 4.6% growth rate in the spring. What’s more, economists polled by MarketWatch predict the nation will also grow at least 3% in the final three months of 2014. The last time the U.S. posted three straight quarters of similar growth was from late 2005 through early 2006.
The steady pace of expansion has made the U.S. an oasis of growth, untroubled so far by slowdowns in Europe and Asia.
Click here to see charts and read the entire story.
Source: MarketWatch
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
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Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
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